Nykredit A S Acquires New Holdings in KKR & Co. Inc. $KKR

Key Points

• Nykredit A/S purchased 162,281 shares of KKR & Co. during the second quarter, valued at approximately $14.9 million. Institutional investors and hedge funds collectively own 76.26% of KKR’s outstanding stock.
• KKR reported quarterly earnings of $1.63 per share, exceeding analysts’ $1.43 estimate, while revenue reached $5.73 billion versus the $2.55 billion consensus forecast.
• Analysts maintain a broadly positive outlook, with a “Moderate Buy” consensus rating and an average price target of $130, compared with the stock’s recent price near $107.81. KKR also pays a quarterly dividend of $0.195, yielding approximately 0.7% annually.

Nykredit A S purchased a new position in KKR & Co. Inc. (NYSE:KKR - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 162,281 shares of the asset manager's stock, valued at approximately $14,894,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Washington Trust Advisors Inc. acquired a new stake in KKR & Co. Inc. during the 4th quarter worth about $27,000. Elyxium Wealth LLC purchased a new stake in KKR & Co. Inc. in the 4th quarter worth approximately $27,000. SouthState Bank Corp boosted its stake in shares of KKR & Co. Inc. by 185.0% during the 4th quarter. SouthState Bank Corp now owns 228 shares of the asset manager's stock valued at $29,000 after buying an additional 148 shares during the period. Garton & Associates Financial Advisors LLC acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at $29,000. Finally, MV Capital Management Inc. purchased a new position in shares of KKR & Co. Inc. during the 4th quarter valued at $31,000. Institutional investors and hedge funds own 76.26% of the company's stock.

Insider Transactions at KKR & Co. Inc.

In related news, insider Dane E. Holmes sold 10,000 shares of KKR & Co. Inc. stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total value of $1,085,800.00. Following the transaction, the insider owned 8,513 shares in the company, valued at $924,341.54. This trade represents a 54.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 23.20% of the company's stock.

KKR & Co. Inc. Stock Down 1.8%

KKR opened at $107.81 on Friday. The firm has a market cap of $96.77 billion, a P/E ratio of 34.33, a price-to-earnings-growth ratio of 1.03 and a beta of 1.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09. The business has a 50 day moving average price of $102.68 and a 200 day moving average price of $97.87. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $152.10.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The asset manager reported $1.63 EPS for the quarter, beating the consensus estimate of $1.43 by $0.20. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%.The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the company posted $1.18 earnings per share. Research analysts forecast that KKR & Co. Inc. will post 5.66 EPS for the current year.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Monday, August 10th were paid a $0.195 dividend. The ex-dividend date was Monday, August 10th. This represents a $0.78 dividend on an annualized basis and a yield of 0.7%. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 24.84%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on KKR shares. Barclays increased their price objective on KKR & Co. Inc. from $124.00 to $135.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. HSBC upped their target price on KKR & Co. Inc. from $118.00 to $121.00 and gave the stock a "buy" rating in a research report on Monday, July 20th. Argus boosted their price target on KKR & Co. Inc. from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. TD Cowen increased their price objective on KKR & Co. Inc. from $108.00 to $111.00 and gave the stock a "hold" rating in a report on Monday, August 3rd. Finally, Zacks Research raised shares of KKR & Co. Inc. from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 28th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $130.00.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.

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